Jul 06 2009

Looks like noise

Published by The Fake Engineer at 12:16 am under Stocks

My plan is to transition from a swing trader to a day trader who only trades the first 30 minutes of the market each day.

Unless I find a good way to trade the first 30 minutes, I won’t do it. In the meantime, my subconscious mind will be looking for swing trading plays but I must ignore it. I am devoting a good 2-3 weeks of finding a good way to trade the opening bell.

So far things don’t look too good. Everything just looks like noise. The market seems to be brutally efficient.

2 responses so far

2 Responses to “Looks like noise”

  1. # Vdsat.com » My plan to make my broker richon 30 Aug 2009 at 8:37 pm

    [...] July, I talked about only installing the bare necessities on the trading computer, I mentioned that based on paper trading the day trading plan wasn’t going too well, and a few days later I jumped in short for a swing trade, I even doubled down short, and I got [...]

  2. # Vdsat.com » A tiny but exploitable edge existson 10 Sep 2009 at 2:00 am

    [...] looks like pure random noise. I have even blogged that it looks like noise. Plain and simple, I have not found any signal to reliably tell me to go long or go [...]

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